What are the advantages and disadvantages of franchising?
PROS: franchiser gains revenue without the need to invest its own money, franchisee gains right to use a well-known brand name and proven business methods and often receives training and support from the franchiser.
CONS: franchisers often find that dealing with a large number of franchisees can be complex and challenging, franchisees must pay fees and royalties to franchiser and do not have much control over management of their business.